Royal LePage’s 2023 Winter Recreational Property Report

November 29, 2023 2 min. read

The Royal LePage 2023 Winter Recreational Property Report, distributed every year, includes price data and insights from experts in 18 popular ski regions across the country, as well as national and regional forecasts.

Key highlights from the 2023 Winter Recreational Property Report include:

  • National single-family home price in Canada’s winter recreational market decreased 0.7% year over year in the first 10 months of 2023
  • The median price of a single-family detached home in Canada’s recreational ski regions is forecast to increase 2.9% over the next 12 months
  • 24% of Royal LePage recreational property market experts reported a decline in buyer demand this year as a result of climate factors or environmental disasters, following unprecedented wildfire season
  • 41% of experts reported an increase in inventory as a direct result of rising interest rates
  • Quebec’s Mont Sutton and B.C.’s Mount Washington/Comox Valley regions recorded highest median price gain in single-family detached segment, increasing 27.3% and 26.5% respectively, year over year
  • Mont Sainte-Anne in Quebec recorded an 83.4% increase in year-over-year median condominium price; sharp gains reflect wide range in property styles and price points, and scarcity of inventory